• Sun. Sep 25th, 2022

A complete guide on AAT level 2 training

Byhaali125

Aug 1, 2022
AAT level 2

One of the most well-known accounting credentials is the AAT. It divides into levels 2, 3, and 4, each taking around a year to finish. There’s also Bookkeeping, a specialized short qualification that combines courses from Levels 2 and 3 to provide a Bookkeeping credential.

What is AAT Level 2 training?

The AAT Level, 2 Foundation training in Bookkeeping & Accounting is the first step toward obtaining your complete AAT accounting certificate and a rewarding career in accounting and finance. Within the context of a bookkeeping employment function, this certificate provides you with a foundation level grasp of many types of financial transactions.

You will get a complete grasp of vital financial processes such as maintaining customers and supplier data, recording invoices, credit notes, bank reconciliation, discount calculations, and bringing the figures to the trial balance level after completing AAT Level 2. This level of AAT additionally supports payment methods, journal entries, and bank reconciliations.

What does the AAT Level 2 Certificate in Bookkeeping and Accounting cover?

AAT level 2 consists of the following parts:

Transactions in BookkeepingBookkeeping

Controls over BookkeepingBookkeeping

Costing components

Synoptic at a fundamental level

Making use of accounting software

Before going on to the further step, you will learn each unit one time and take an exam after each unit. You must pass five tests for each team mentioned above to obtain the full AAT level 2 certificate.

Transactions in Bookkeeping

It teaches you how to use the double-entry accounting system (debits and credits). It teaches you how to recognize the many sorts of accounts (expense, income, asset, and liability) and what to do with them. It is the most difficult unit in the AAT certification, but it is also the most crucial. The lesson will get you started on your AAT adventure and prepare you for the remainder of the course.

Controls over Bookkeeping

It is a process of what you learned in the accounting transactions class. This section will show you how to utilize the control accounts, spot mistakes, and write journal entries to repair or amend any errors.

Costing components

Management accounting is built on this foundation. It will show you how to evaluate inventories, classify expenses, and deal with overhead expenditures. It is yet another important item. If you can master these approaches, you will be well ready for the level 3 and 4 management units.

Synoptic at a fundamental level

This course covers the topic of “working successfully in finance.” It will assist in describing the ins and outs of working in an office setting. It will teach you proper working procedures as well as some professional ethics. This test is distinct in that it will feature questions from all three modules (bookkeeping transactions, bookkeeping controls and elements of costing). It is a test to see if you remember everything you learned in the previous three units. A written activity is also included in this test. You’ll have to demonstrate that you know what you’re talking about by describing it in writing.

Making use of accounting software

It is the final level 2 unit. This training will explain and elaborate you how to utilize accounting software. You’ll learn how to use the programme, appropriately input data, and create reports that display the data in a useful way. It is a fun unit to do because it’s all done with software. It is critical to understand because the majority of firms today use accounting software.

Choosing a career path

The Foundation training in Accounting can take to work in the following positions:

Accounts assistant/administrator

Clerk in charge of accounts payable

Clerk in charge of sales and purchase ledgers

Accounting technician in training

Finance assistant trainee

You can study for the Advanced (Level 3) and Professional (Level 4) Diplomas after completing the AAT Level 2. It enables you to prepare client accounts and provide tax advice.

Exemptions and criteria for the AAT Foundation Certificate

Because this is an entry-level qualification, no prior academic credentials or job experience are required. Future Connect only ask that you have a decent command of the English language and mathematics.

For whom is this course intended?

This training is for those who want to get an accounting degree or work as an accountant.

The AAT provides you with a strong foundation in accounting concepts and abilities to expand on throughout your career.

The certification is current and a terrific method to distinguish yourself in your workplace or job market.

You could think of it as a method to get into the world of accounting and finance where you could work as a bookkeeper to a financial or management accountant or an auditor.

You might be interested in knowing more of the ideas that explain your present position.

You might view it as a great tool for advancing your career.

Conclusion:

To begin learning AAT, you do not need any prior certifications or accounting experience. Anyone can start the qualification, from high school graduates to job changers. Future Connect offers training at all levels, and we have four different study techniques to fit your needs: OnDemand, Classroom, Live Online, and Distance Learning* are all available options.

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